UM
UdyogMitra
Banking & Payments

Insurance Premium Payment

Collect LIC, BSNL, and general insurance premiums for customers.

4.9 / 5 rating 50,000+ served Fast turnaround Secure & compliant

Commission-based

Expert-guided process
100% online, no travel needed
24/7 dedicated support
Money-back guarantee
Get Started โ€” Free Consult

No commitment ยท No hidden charges

Process

How It Works

1

Collect Policy Number

Take the policy number and confirm the premium amount and due date fetched from the insurer.

2

Portal Payment

Payment processed against the policy through the insurer integration.

3

Receipt Issued

Official premium receipt printed or emailed to the customer immediately.

4

Commission Earned

Commission credited to your partner wallet on successful collection.

Overview

About This Service

Collect premium payments for life and general insurance policies at your kendra, covering LIC and major private life insurers as well as motor, health, and general insurance renewals. Customers who find it inconvenient to pay online or visit a branch can pay in cash and receive an instant official receipt. Timely premium payment matters because a lapsed life policy loses its benefits and reviving it later requires fresh underwriting and sometimes a medical examination. You earn a commission on every premium collected.

Checklist

Documents Required

Policy number and insurer name
Premium notice or last premium receipt
Policyholder mobile number for the confirmation message
Vehicle Registration Certificate (for motor insurance renewal)
Partner KYC and shop address proof (one-time, for onboarding)

FAQ

Frequently Asked Questions

What commission do I earn?
Typically between 0.5% and 2% of the premium collected, varying by insurer and policy type. Live rates appear in your dashboard before you confirm the transaction.
What does the customer need to bring?
The policy number is usually enough, since the premium and due date are fetched automatically. A previous receipt or premium notice helps if the policy is not found.
Can I collect premiums after the due date?
Yes, during the grace period, which is generally fifteen days for monthly mode and thirty days for quarterly, half-yearly, and annual modes. Late payment may attract interest set by the insurer.
What happens if a policy has already lapsed?
A lapsed policy cannot simply be renewed at the counter. It needs a formal revival with the insurer, which may require a declaration of good health or a medical examination depending on how long it has been lapsed.
Am I selling insurance by doing this?
No. This service collects premiums on existing policies only. Selling insurance requires a separate IRDAI agent licence and is not part of this service.

Why UdyogMitra?

4.9/5 from 12,000+ reviews
50,000+ businesses served
Fast, guaranteed turnaround
Secure document handling
Transparent pricing always

Have questions?

Speak to a specialist in under 2 minutes โ€” free of charge.

Apply Now๐Ÿ“ž 1800-112-233 (Free)

Delivery Details

Modeself serve
Starting priceCommission
CategoryBanking & Payments

You may also need

Related Services

Banking

Bill Payments (BBPS)

Pay electricity, water, gas, insurance premiums and more.

Banking

Money Transfer (AEPS / IMPS)

Domestic money transfer and Aadhaar-enabled cash withdrawals.

Chat with us